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Indian share benchmarks log best day in four months on global AI slump
Indian equity benchmarks posted their biggest single-day gain in four months on Thursday on prospects that India could regain favour among foreign investors after global AI-linked stocks took a beating. Foreign investors have pulled out a record $32.7 billion worth of equities this year, set to be the worst for the benchmark Nifty 50 since 2011, due to a preference for AI-heavy markets over equities in Asia’s third-largest economy. That trade hit some turbulence on Thursday as sticky US inflation data raised bets of further rate hikes and stoked doubts over the global AI investment boom. South...
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